Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$319,138$319,138$351,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$31,862$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.509%7.640%
1st payment$2,158.04$2,158.04$2,430.25
2nd payment$0.00$238.96$0.00
Taxes / mo$347.92$347.92$347.92
Insurance / mo$150.00$150.00$150.00
MI / mo$151.56$151.56$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,807.52$3,046.48$2,998.37
Cash to close$70,862$39,000$39,000